UFP Industries (NASDAQ:UFPI) Sets New 12-Month Low – What’s Next?

UFP Industries, Inc. (NASDAQ:UFPI) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $104.93 and last traded at $105.16, with a volume of 552993 shares changing hands. The stock had previously closed at $106.65.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. StockNews.com cut UFP Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Wedbush reaffirmed an “outperform” rating and set a $155.00 price target on shares of UFP Industries in a research report on Monday, November 4th. Finally, Benchmark reiterated a “buy” rating and issued a $135.00 price objective on shares of UFP Industries in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $143.00.

UFP Industries Trading Down 1.7 %

The company has a market cap of $6.39 billion, a price-to-earnings ratio of 15.53 and a beta of 1.45. The firm has a fifty day moving average price of $113.72 and a 200 day moving average price of $122.75. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.88.

UFP Industries (NASDAQ:UFPI) last issued its earnings results on Monday, February 17th. The construction company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.04). The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.43 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. As a group, equities analysts predict that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.35 per share. This is an increase from UFP Industries’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.40 annualized dividend and a yield of 1.33%. UFP Industries’s dividend payout ratio (DPR) is currently 20.68%.

Insider Buying and Selling at UFP Industries

In related news, Director William G. Currie sold 5,700 shares of UFP Industries stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $126.59, for a total transaction of $721,563.00. Following the completion of the sale, the director now owns 61,140 shares of the company’s stock, valued at approximately $7,739,712.60. The trade was a 8.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.58% of the company’s stock.

Institutional Investors Weigh In On UFP Industries

Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in UFP Industries by 10.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 631,404 shares of the construction company’s stock worth $82,847,000 after purchasing an additional 60,859 shares during the last quarter. Citigroup Inc. increased its position in UFP Industries by 50.7% during the 3rd quarter. Citigroup Inc. now owns 119,426 shares of the construction company’s stock worth $15,670,000 after buying an additional 40,162 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of UFP Industries by 3.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 919,018 shares of the construction company’s stock worth $102,158,000 after buying an additional 31,381 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of UFP Industries by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 769,841 shares of the construction company’s stock valued at $101,011,000 after acquiring an additional 4,006 shares during the period. Finally, Seizert Capital Partners LLC grew its stake in shares of UFP Industries by 85.5% in the third quarter. Seizert Capital Partners LLC now owns 34,623 shares of the construction company’s stock valued at $4,543,000 after acquiring an additional 15,958 shares in the last quarter. 81.81% of the stock is currently owned by institutional investors and hedge funds.

About UFP Industries

UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and non-wood composites, and other materials in North America, Europe, Asia, and Australia. It operates through Retail, Packaging, and Construction segments. The Retail segment offers treated lumber products, including decking, fencing, lattice, and other products; pressure-treated and fire-retardant products used primarily for outdoor decking environments; and lawn and garden products, consisting of wood and vinyl fencing options, garden beds and planters, pergolas, picnic tables, and other landscaping products.